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Saturday, December 10, 2022

Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022

Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Technical Analysis and Outlook:
Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”

Via TradingView Ideas https://ift.tt/3z41vAd

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